Oct-24-2013-CBC-Liberty Group floats Casa Loma proposal

Casa Loma, one of the city's oldest attractions, may be getting a new lease on life.

Liberty Entertainment Group has put forward a recommendation to revitalize the iconic Edwardian manor. The company is known for its upscale events and venues, such as the Liberty Grand and the Rosewater.

Their plan includes a restaurant and upgrades to the event space, revenue that could help fund a Toronto museum on the property.

A year ago, the city asked for proposals from companies for the future of the iconic castle.

"There were some ideas just to sell the castle, turn it into a hotel, maybe even a casino," said Coun. Josh Matlow.